Shariah Group
Al Rajhi Bank adheres to Shariah law in all operations, with a dedicated council of scholars overseeing transactions to ensure compliance and uphold high ethical standards.
Shariah Council Functions and Responsibilities
- Monitor compliance with Shariah norms in all bank operations.
- Ensure operational management upholds regulations set by the Shariah Council.
- Products and services are approved only after review by the Council; 1,216 forms and contracts have been issued since its establishment.
- Develop formulas and contracts that ensure fairness in banking transactions from a Shariah perspective.
- Implement methods to enhance awareness of Islamic finance.
- Oversee all banking operations in accordance with Shariah laws.
- Carefully select employees with a focus on Shariah training.
- Ensure work outputs align with Shariah laws while simplifying the application process.
Shariah Governance Team
His Excellence Sheikh Abdulaziz Bin Hameen Al Hamain
Chairman
His Excellence Sheikh Abdulaziz Bin Hameen Al Hamain
Chairman
His Excellence Sheikh Sulaiman bin Abdullah Al-Majed
Vice Chairman
His Excellence Sheikh Dr. Saad bin Turki Al-Khathlan
Member
His Excellence Sheikh Dr. Abdullah bin Nasser Al Salmi
Member
His Eminence Sheikh Dr. Saleh bin Abdullah Al Lohaidan
Member & Secretary